Skip to main content

The Latest

  • Selling for a profit?
    One time tax exemption on the sale of your home? Not anymore
    I just got back to my office from a listing appointment, which I got, for a property that has been a primary residence for a woman for a number of years. One of the questions she asked, and I could not answer, was, “Is there a one-time...
  • Completing Schedule C is Easy with Paypal
    Taxes Made Easy with Paypal Annual Financial Summary Report
    US business / premier Paypal account holders can access the Annual Financial Summary Report for key information when filing tax returns. To access the report,1. Log in to Paypal2. Click the Activity link across the top3. From the drop down box on...
  • How to Find Paypal 1099-K Tax Form
    How Online Sellers Find Tax Form 1099-K from Paypal
    Only eBay sellers who exceed the IRS thresholds will receive an IRS Form 1099-K from Paypal. Sellers exceed the IRS thresholds when they received $20,000 in gross payment volume for the sale of goods or services AND have over 200 separate payments...
  • TurboTax users shocked: No more forms C, D, E, or F in TurboTax Deluxe
    TurboTax users shocked: No more forms C, D, E, or F in TurboTax Deluxe
    TurboTax eliminated Schedules C, D, E and F from TurboTax Deluxe requiring users to purchase the Premier edition. TurboTax Basic users will no longer be able to itemize deductions on Schedule A but have to upgrade to TurboTax Deluxe to do so. In...
  • Obamacare the fault of low-information voters
    New report highlights staggering Obamacare price tag
    According to a report from the Congressional Budget Office, every person who receives medical insurance under Obamacare will cost the federal government–in other words, the taxpayers–$50,000.It is estimated that approximately 24...
  • Earned Income Tax Credit: One in five miss out on average $2,400 EITC
    Earned Income Tax Credit: One in five miss out on average $2,400 EITC
    The average Earned Income Tax Credit (EITC) adds $2,400 to a tax refund, yet the IRS estimates only four out of five workers claim the credit they are eligible for. In response to this, the IRS offers easy-to-use help for determining eligibility...
  • IRS Free File for tax year 2014 offers free tax software for everyone
    IRS Free File for tax year 2014 offers free tax software for everyone
    Free File is free online income tax software from the Internal Revenue Service (IRS) in partnership with TurboTax, H&R Block At Home and 12 other online tax software providers. Free File is available to 70 percent of people who need to file...
  • Obama's typical tax-the-rich-more speech unpopular
    Naivety of US voters at an all-time high
    If it wasn't so tragic, it would be amusing. However, there is little to laugh about when one considers the naivety of the average American voter. After Obama's nonsensical state of the union address the other night, surveys were conducted...
  • President Obama feels good about the 2015 State of the Union Address
    2015 State of the Union Address, a very detailed review
    On January 20, 2015, President Obama entered that House of Representatives and gave his 6th State of the Union Address to the nation. It was the first State of the Union to a Congress controlled by Republicans in both the House and the Senate. It...
  • What to look for in tonight's State of the Union address
    What to look for in tonight's State of the Union address
    The annual State of the Union Address is usually kept under wraps until it’s formally presented to Congress. Media might get a copy of it on that same evening, but with restrictions that it can’t be released until after the president...
  • Obama SOTU
    State of the Union: Tax the rich, feed the poor
    On Tuesday, President Obama is scheduled to give his annual State of the Union address and as the Associated Press and others are reporting, one of the cornerstone pieces of legislation he intends to announce is tax hikes on the wealthy as well as...
  • Obama discusses foreign relations with press
    Obama proposes tax system reforms to build stronger middle class
    In Washington, D.C. on Saturday the Obama administration announced a proposal to bring greater fairness to the nation’s tax code by eliminating unfair tax loopholes exploited by wealthy Americans and corporations while at the same time...
  • On 'The Hill'
    What determines the size and scope of government?
    A place to begin is to understand that government has certain constraints with regard to its capacity to govern. Today’s headline in The Hill is that conservatives want a balanced budget amendment to the Constitution making it a legal...
  • TurboTax w2 form finder
    How to find my 2014 W-2 form online with TurboTax
    TurboTax is a leading software tool that simplifies filing tax returns. There are many important features and the program even lets taxpayers automatically import data from their W-2 form. More than a million employers and financial companies...
  • Find  w2 form online
    How to find my 2014 W-2 form online with H&R Block
    The W-2 is an important form for reporting yearly wage and salary information to the IRS. It enables employers to report these important tax details for employees, which will be explained later. Employees may receive the form from the company they...